Restaurant with growing profitability, great group

Lawton, OK
Comanche County


Asking Price: Annual Revenue:
$875,000 $2,359,468

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Restaurant with growing profitability, great group Broker: Andrew Popa
Owner Financing is Available!

Quick Facts

Asking Price: $875,000
Annual Revenue: $2,359,468
Net Profit: Not Disclosed
Cash Flow: $241,659
Total Debt: Not Disclosed
FF&E: $690,000
Real Estate: Not Disclosed
Year Established: 1957
Employees: 45
BBN Listing #: 923957343
Broker Reference #: 45745-465764

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Business Overview:

This restaurant opportunity is a longstanding community brand known for its quality dining experience. Under current ownership since 1992, many of its employees are long-tenured and loyal.

Financial reports show predictable stability year-on-year on key metrics such as revenues, COGS, gross margin, and expenses. Discretionary earnings have improved in 2019 as a result of fine-tuning expenses and sales, and 2020 is on track for the same results despite the impact of the pandemic shutdown.

The management structure of the restaurant is robust, with built-in redundancies at the level of each operating section in order to ensure seamless continuity. This management structure allows the owners to take time off, travel and be assured of good leadership in their absence.

The restaurant moved to its current 8,000 square feet location in 2015, having built a dedicated facility designed to optimize workflows and fulfill the owner’s vision of a modern and comfortable facility catering to a wide range of clients, from families with young children to secluded areas for events and corporate gatherings. At the time of the move, most of the kitchen equipment was upgraded or updated.

This sale is listed for a total of $2,735,000 and is comprised of
$875,000 for the business and $1,860,000 for the real estate. The sale of the real estate is optional, a buyer possibly choosing a lease option.
Restaurant was started in 1957 and has been under current ownership since 1992. In 2015 the restaurant moved into its own dedicated property.

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Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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